African Sun Changes

Please be advised that on Friday 18 September 2015 the Company announced that it had resolved to change its business model. The change means that the Company is no longer a Hotel Management Company but is now a Hotel Investment Company .

Legacy Hotels Group

To give effect to this change a Management Agreement which signifies the beginning of a new journey for the Company was signed with the Legacy Hotels Group. The Management Agreement is effective on the 1st of October 2015 and is with respect to the following hotels,